Wild - Financial Accounting, INFORMATION FOR DECISIONS, 9e

To my students and family, especially Kimberly, Jonathan, Stephanie, and Trevor.

FINANCIAL ACCOUNTING: INFORMATION FOR DECISIONS, NINTH EDITION

Published by McGraw-Hill Education, 2 Penn Plaza, New York, NY 10121. Copyright 2019 by McGraw-Hill Education. All rights reserved. Printed in the United States of America. Previous editions 2017, 2015, and 2013. No part of this
publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system,
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Some ancillaries, including electronic and print components, may not be available to customers outside the United States.

This book is printed on acid-free paper.

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ISBN 978-1-259-91704-2

MHID 1-259-91704-5

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Compositor: Aptara, Inc.

All credits appearing on page or at the end of the book are considered to be an extension of the copyright page.

Library of Congress Cataloging-in-Publication Data

Names: Wild, John J., author.

Title: Financial accounting : information for decisions / John J. Wild,

University of Wisconsin at Madison.

Description: Ninth Edition. | Dubuque, IA : McGraw-Hill Education, [2019] |

Revised edition of the authors Financial accounting, [2015]

Identifiers: LCCN 2017034971 | ISBN 9781259917042 (alk. paper) | ISBN

1259917045 (alk. paper)

Subjects: LCSH: Accounting.

Classification: LCC HF5635 .W695 2019 | DDC 657dc23 LC record available at

https://lccn.loc.gov/2017034971

The Internet addresses listed in the text were accurate at the time of publication. The inclusion of a website does not indicate an endorsement by the authors or McGraw-Hill Education, and McGraw-Hill Education does not guarantee the accuracy of the information presented at these sites.

mheducation.com/highered

JOHN J. WILD is a distinguished professor of accounting at the University of Wisconsin at Madison. He previously held appointments at Michigan State University and the University of Manchester in England. He received his BBA, MS, and PhD from the University of Wisconsin.

John teaches accounting courses at both the undergraduate and graduate levels. He has received numerous teaching honors, including the Mabel W. Chipman Excellence-in-Teaching Award and the departmental Excellence-in-Teaching Award, and he is a two-time recipient of the Teaching Excellence Award from business graduates at the University of Wisconsin. He also received the Beta Alpha Psi and Roland F. Salmonson Excellence-in-Teaching Award from Michigan State University. John has received several research honors, is a past KPMG Peat Marwick National Fellow, and is a recipient of fellowships from the American Accounting Association and the Ernst and Young Foundation.

John is an active member of the American Accounting Association and its sections. He has served on several committees of these organizations, including the Outstanding Accounting Educator Award, Wildman Award, National Program Advisory, Publications, and Research Committees. John is author of Fundamental Accounting Principles, Financial Accounting, Managerial Accounting, and College Accounting, all published by McGraw-Hill Education.

Johns research articles on accounting and analysis appear in The Accounting Review; Journal of Accounting Research; Journal of Accounting and Economics; Contemporary Accounting Research; Journal of Accounting, Auditing and Finance; Journal of Accounting and Public Policy; and other journals. He is past associate editor of Contemporary Accounting Research and has served on several editorial boards including The Accounting Review.

In his leisure time, John enjoys hiking, sports, boating, travel, people, and spending time with family and friends.

Learning analytics show that students learn better when material is broken into blocks of content. Each chapter opens with a visual preview. Learning objective numbers highlight the location of related content. Each block of content concludes with a Need-to-Know (NTK) to aid and reinforce student learning. Visual aids and concise, bullet-point discussions further help students learn.

• Wild uses the popular gross method for merchandising transactions (net method is covered in an appendix). The gross method is widely used in practice and best for student success.

• Adjusting entries for new revenue recognition rules are included in an appendix. Assignments are clearly marked and separated. Wild is GAAP compliant.

This book reflects changes in accounting for revenue recognition, investments, leases, and extraordinary items. It is important students learn GAAP accounting.

Wild has markedly fewer pages than competing books covering the same material.

• The text is to the point and uses visuals to aid student learning.

• Bullet-point discussion aids learning.

• The 9th edition has 64 fewer pages than the 8th editiona near 10% reduction!

• Learning analytics tell us todays students do not read large blocks of text. Wild has adapted to student needs by having informative visual aids throughout. Many visuals and exhibits are new to this edition.

• A growing number of students now learn accounting online. To aid instructors and students, Wild has the largest set of learning resources.

• Wild offers nearly 500 videos to ensure student success. Wild also has instructor resources to add a personal touch to these learning aids.

• Concept Overview Videos cover each chapters learning objectives with narrated, animated presentations that frequently assess comprehension. Wild has over 140 concept overview presentations, the most of any competing text.